http:\/\/bucket.wistia.com\/medias\/ni67tgziup?embedType=async&videoFoam=true&videoWidth=640<\/p>\n
Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties.<\/p>\n
Appraisers don\u2019t work for the buyer or the seller; \u00a0their primary mission is actually to protect the lender who\u2019s risking money against the home\u2019s value.<\/p>\n
Appraisers have to weigh factors about the property and location – including size, condition and comparable properties – to appraise its current value.<\/p>\n
They know how to focus on conditions that affect value;\u00a0dishes in the sink don\u2019t;\u00a0damage and neglect do.<\/p>\n
Appraisals lower than the proposed purchase price can affect transaction details.\u00a0The seller might have to lower the price<\/p>\n
or the buyer might have to increase down payment or fund additional escrow.<\/p>\n
Appraisal seems a lot like inspection, but they\u2019re not the same.<\/p>\n
You can think of it this way:<\/p>\n
Appraisers report on value to the lender<\/p>\n
Inspectors report on condition of the house and major components to the buyer.<\/p>\n
So – expect both appraisal & inspection in your transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"
http:\/\/bucket.wistia.com\/medias\/ni67tgziup?embedType=async&videoFoam=true&videoWidth=640 Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties. Appraisers don\u2019t work for the buyer or the seller; \u00a0their primary mission is actually to protect the lender who\u2019s risking money against the home\u2019s value. Appraisers have to weigh factors about the property and location – including […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[16],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/posts\/1883"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/comments?post=1883"}],"version-history":[{"count":1,"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/posts\/1883\/revisions"}],"predecessor-version":[{"id":4888,"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/posts\/1883\/revisions\/4888"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/media?parent=1883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/categories?post=1883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/meridiantitle\/wp-json\/wp\/v2\/tags?post=1883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}